Nick Srnicek on Data Extraction and Platform Business Models
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Nick Srnicek on Data and 21st-Century Systems
In this chapter, Nick Srnicek examines the raw material central to the system focus in the 21st century: data. Srnicek demystifies the critique of data collection as a mere monitoring method.
On the one hand, he warns that caution should be exercised regarding the belief that data collection and analysis is an automated and uncomplicated process. On the other hand, he lists the processes that make them profitable. The real problem for capitalist companies was that old business models were not well designed to extract and use data. A different business model was needed, and platforms emerged.
Platforms became an efficient way to monopolize, extract, analyze, and use the increasing amounts of data being... Continue reading "Nick Srnicek on Data Extraction and Platform Business Models" »